At a Glance Q4 2022

Office market Hamburg

Büromarkt Hamburg


In 2022, Hamburg's office market successfully continued the significant upturn of the previous year. With a take-up of 554,000 m², an above-average result (+9%) was achieved in a long-term comparison. This even exceeded the pre-covid result of 2019 (514,000 m²). Compared to 2021, take-up increased most strongly by around 14 % compared to all the A-locations, placing Hamburg in third place behind the clear frontrunners Berlin and Munich. The Hamburg office market has thus fully recovered from the pandemic-related decline in take-up in 2020 and is also largely unaffected by the challenging economic environment to date. This is also reflected in the significant increase (+6.1%) in prime rents, which reached a new record of 35 €/m². After a very high take-up at the end of the third quarter (445,000 m²), however, the final quarter was hardly characterised by a year-end rally, nevertheless around 109,000 m² were newly let in Q4.


The PDF download contains an overview of the key figures for the Hamburg 2022 office market and the detailed table of key figures at submarket level can be accessed via the following link.

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